LAW6410 - UAE Legal and Regulatory Environment Assignment

Assignment Task

Introduction

Welcome to Assessment (3) of UAE Legal and Regulatory Environment, a part of your Master of Business Administration Program. This assessment will require students to determine the most appropriate business structure for a given entrepreneurial scenario and then justify the selection in the context of other possible legal options. Students then must describe the various relevant steps to create a business in Abu Dhabi given the business structure and industrial sector.

Assessment

Michael (a U.S. national) & Yousef (a UAE national) decided to form a Partnership in Abu Dhabi for solar energy aligned with the Abu Dhabi Economic Vision 2030; each of them will contribute to the business of Seven million dirham. Michael and Yousef may consider different types of Partnership to carry on the solar energy initiative.

1. Critically appraise the types of Partnership they may form, and explain the provisions be observed in each of these types according to the relevant laws and regulations, and what are their liabilities if the Partnership suffered losses.

2. Critically examine the required procedures they should follow to set up the company and obtain the license according to relevant Laws and regulations.

3. Propose all methods for settling disputes between the company and its directors or between the shareholders in the company.

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